#数字资产市场动态 BNB Short-term Market Analysis: How to View the Technicals?

Recently, I've been paying attention to BNB's 1-hour chart, and there are a few details worth discussing.

**Technical Indicators**
From the candlestick chart, BNB has retraced around the 941.78 level and is currently fluctuating between 937 and 941. The Bollinger Bands are opening upward, and the moving average system shows both MA and EMA in a bullish alignment. The MACD histogram is still positive, and the DIF line remains above DEA—these all suggest a bullish possibility. However, the previous high at 942 is just ahead; whether it breaks through depends on the trading volume. Support below is temporarily at 935.

**On-Chain Data as a Reference**
In the past 24 hours, there’s been some interesting movement: large address holdings increased by about 15%, and net withdrawals from exchanges are rising. Taken together, it may indicate that institutions are quietly accumulating. On-chain activity has also reached this week's high. However, on-chain data is just a reference; the real situation requires multi-dimensional analysis.

**Macro Environment**
Recently, there have been many news reports about major exchange ecosystems. The launch of new projects has increased demand for platform tokens. Globally, the Fed’s rate cut expectations are heating up, and the overall sentiment in the crypto market is relatively warm. As a platform token, BNB’s fundamentals remain relatively stable.

**What’s Next?**
If the technicals, on-chain data, and macro environment all align, the probability of a bullish trend is quite high. BNB might test the 942 resistance within 1-2 hours. Once broken, the 950-960 range could become the next focus. Even in the short term, support at 935 isn’t very weak; a pullback might actually be an opportunity to buy.

**Practical Trading Ideas**
It’s not recommended to chase the high aggressively. You can gradually build a position around 938, with a stop-loss below 935. Once a genuine volume breakout above 942 occurs, add to your position. Remember an old saying: the trend is your best friend. $BNB